Investors seem to be balking at MoviePass’ parents’ plans to reverse split its stock again — and for good reason (HMNY)
|10/18/2018||Posted by BusinessMediaguide.Com under General World News||
- Helios and Matheson, the parent company of MoviePass, is seeking to boost its share price through another reverse-split of its stock.
- Two of the major research firms that offer investors advice on shareholder votes back the reverse-split proposal.
- Even so, investors appear dubious of it.
- They have good reason to oppose it — it would free the company up to issue billions of new shares of stock after it’s already massively diluted shareholders.
Sometimes investors have a much better sense of what’s in their best interest than the executives in charge of the companies they own or the advisors who get paid to read more >>>